Title RPT, Real Property Tax

§ 485. Nuclear powered electric generating facilities. 1. Nuclear\npowered electric generating facilities shall be exempt from taxation,\nspecial ad valorem levies and special assessments to the extent provided\nin section four hundred ninety of this article upon the adoption of…

§ 485-a. Residential-commercial urban exemption program. 1.\nDefinitions. As used in this section, the following terms shall have\nthe following meanings:\n (a) "Municipality" means any town, city or village except for a city\nhaving more than one million inhabitants.\n (b) "App…

§ 485-b. Business investment exemption. 1. Real property constructed,\naltered, installed or improved subsequent to the first day of July,\nnineteen hundred seventy-six for the purpose of commercial, business or\nindustrial activity shall be exempt from taxation and special ad v…

§ 485-c. Exemption from taxation of real property used in manufacture\nof steel in cities of fifty thousand or more persons. Notwithstanding\nthe provisions of any law to the contrary, blast furnaces, open hearth\nfurnaces, soaking pits and coke ovens which are used in the manuf…

§ 485-d. Water-works corporations. Real property situated in a city\nwith a population of one million or more owned by a water-works\ncorporation subject to the provisions of the public service law and used\nexclusively for the sale, furnishing and distribution of water for\ndom…

§ 485-e. Empire zone exemption. 1. (a) Real property constructed,\naltered, installed or improved in an area designated an empire zone\npursuant to article eighteen-B of the general municipal law shall be\nexempt from taxation and special ad valorem levies by any municipal\ncorp…

§ 485-f. Banking development districts. 1. Real property altered,\nconstructed, installed, or improved for use as a branch of a bank, trust\ncompany or national bank in an area designated as a banking development\ndistrict by the superintendent of financial services pursuant to …

§ 485-g. Infrastructure exemption. 1. A county, city, town or village\nmay by local law or a school district may by resolution provide that the\nexemption under this section shall be applicable within its\njurisdiction. A copy of such local law or resolution shall be filed with\…

§ 485-h. Residential investment exemption; certain cities. 1.\nResidential real property constructed on or after the first day of July,\ntwo thousand three in cities with a population of not less than\nthirty-one thousand and not more than thirty-two thousand may be exempt\nfrom…

* § 485-i. Residential investment exemption; certain school districts.\n1. Residential real property constructed on or after the first day of\nJuly, two thousand three in school districts which serve a city with a\npopulation of not less than thirty-one thousand and not more tha…

* § 485-i. Residential investment exemption; certain cities. 1.\nResidential real property constructed on or after the first day of\nApril, two thousand four in cities with a population of not less than\nthirty-four thousand and not more than thirty-five thousand based upon\nthe…

* § 485-j. Residential property improvement exemption; certain cities.\n1. Construction of improvements to residential real property initiated\non or after the first day of January, two thousand six in the cities\nwith a population of not less than one hundred thirty thousand an…

* § 485-j. Residential investment exemption; certain cities. 1.\nResidential real property constructed on or after the first day of July,\ntwo thousand six in cities with a population of not less than eighteen\nthousand and not more than eighteen thousand five hundred based upon…

* § 485-j. Residential investment exemption; certain cities and school\ndistricts. 1. Residential real property constructed on or after the\nfirst day of July, two thousand five located in a city or a school\ndistrict which serves a city with a population of not less than thirte…

* § 485-j. Residential investment exemption; certain cities. 1.\nResidential real property constructed on or after the first day of\nApril, two thousand six in cities with a population of not less than\nfifty-five thousand and not more than fifty-six thousand based upon the\ntwo…

* § 485-j. Residential investment exemption; certain cities. 1.\nResidential real property constructed on or after the first day of\nJanuary, two thousand five in cities with a population of not less than\nsixty thousand six hundred and not more than sixty-one thousand based\nup…

§ 485-k. Residential investment exemption; certain school districts.\n1. Residential real property constructed on or after the first day of\nJanuary, two thousand five in school districts which serve a city with a\npopulation of not less than sixty thousand six hundred and not m…

* § 485-l. Residential property improvement; certain towns. 1.\nConstruction of improvements to residential real property initiated on\nor after the first day of January, two thousand seven in towns with a\npopulation of not less than one hundred thousand and not more than one\n…

* § 485-l. Residential investment exemption; certain school districts.\n1. Residential real property constructed on or after the first day of\nJuly, two thousand seven in school districts which serve a city with a\npopulation of not less than eighteen thousand and not more than …

§ 485-m. Residential investment exemption; certain school districts.\n1. Residential real property constructed on or after the first day of\nJanuary, two thousand eight in school districts which serve a city with\na population of not less than thirty-four thousand and not more t…

* § 485-n. Residential-commercial exemption program. 1. Definitions.\nAs used in this section, the following terms shall have the following\nmeanings:\n (a) "Applicant" means any person obligated to pay real property taxes\non real property for which an exemption from taxes unde…

§ 485-o. New residential property exemption; certain cities. 1.\nConstruction of qualified new residential structures or total\nrehabilitation of qualified vacant residential structures determined to\nbe unoccupied hazards initiated on or after the first day of January,\ntwo tho…

* § 485-p. Economic transformation area exemption. 1. (a) Real\nproperty constructed, altered, installed or improved in an economic\ntransformation area as defined in subdivision ten of section four\nhundred of the economic development law which is used for business,\ncommercial…

§ 485-q. Residential investment exemption; certain cities. 1.\nResidential real property constructed on or after the first day of July,\ntwo thousand fourteen in cities with a population of not less than\nthirteen thousand five hundred and not more than fourteen thousand,\ndeter…

§ 485-r. Residential redevelopment inhibited property exemption. 1. As\nused in this section, the following terms shall have the following\nmeanings:\n (a) "Redevelopment inhibited property" shall mean a residential\nproperty that has been neglected or abandoned because of the l…

* § 485-s. Residential reassessment exemption. 1. Applicability. The\ngoverning body of a town with a population of not less than eighty-five\nthousand persons and not more than ninety-five thousand persons located\nin a county of not less than nine hundred thirty thousand perso…

* § 485-s. Residential reassessment exemption. 1. Applicability. The\ngoverning body of a town with a population of not less than thirty-seven\nthousand persons and not more than thirty-eight thousand persons located\nin a county of not less than nine hundred thirty thousand per…

* § 485-s. Mixed use exemption program for villages. 1. As used in\nthis section, the following terms shall have the following meanings:\n (a) "Applicant" means any person obligated to pay real property taxes\non the property for which an exemption from real property taxes under…

§ 485-t. Owner occupied residential property exemption program. 1.\nDefinitions. As used in this section, the following terms shall have the\nfollowing meanings:\n (a) "Applicant" means any person obligated to pay real property taxes\non real property, which he or she owns and u…

§ 485-u. Class one reassessment exemption. 1. Applicability. A special\nassessing unit that is not a city may, by local law, opt to provide a\nclass one reassessment exemption as provided in this section. Such\nexemption shall apply in the same manner and to the same extent to\n…

* § 485-v. Residential revaluation exemption. 1. Applicability. The\ngoverning body of an assessing unit may, after a public hearing, adopt\nthe provisions of this section by local law in the first year of a full\nvalue revaluation to provide a residential revaluation exemption.…

*§ 485-v. Residential and mixed-use investment exemption; certain\ncities and school districts. 1. As used in this section: (a)\n"residential and mixed-use real property" means any structure containing\none to four units of which one unit may be for commercial or retail use,\nan…

* § 485-w. Newly constructed single-family and multi-family\nresidential exemption; certain villages. 1. Single-family and\nmulti-family residential properties constructed subsequent to the\neffective date of a local law adopted pursuant to this section shall be\nexempt from vil…

§ 485-x. Affordable neighborhoods for New Yorkers tax incentive. 1.\nDefinitions. For purposes of this section:\n (a) "Affordability option A" shall mean:\n (i) for a large rental project, that, within any eligible site: (A)\nnot less than twenty-five percent of the dwelling uni…

§ 485-y. Vacant residential real property improvement exemption;\ncertain cities. 1. Construction of improvements to residential real\nproperty, provided that such real property was continuously vacant for a\nperiod of at least three years prior to such construction, initiated o…

§ 486. Non-profit medical and dental indemnity, or hospital service\ncorporations. Real property owned by a medical expense indemnity\ncorporation, dental expense indemnity corporation or hospital service\ncorporation shall be entitled to the exemption provided in the insurance\…

§ 486-a. Non-profit corporations operating as health maintenance\norganizations. Real property owned by a not-for-profit corporation\noperating as a health maintenance organization subject to the provisions\nof article forty-four of the public health law and used exclusively for…

§ 487. Exemption from taxation for certain energy systems. 1. As used\nin this section:\n (a) "Solar or wind energy equipment" means collectors, controls,\nenergy storage devices, heat pumps and pumps, heat exchangers,\nwindmills, and other materials, hardware or equipment neces…

§ 487-a. Exemption from taxation of conservation improvements to\ncertain residential premises. Insulation and other energy conservation\nmeasures hereafter added to one, two, three or four family homes, which\nqualify for (a) financing under a home conservation plan pursuant to…

§ 488. Retirement systems. Real property owned by a retirement system\nshall be entitled to the exemption provided in the insurance law.\n

§ 488-a. Rehabilitation of certain class B multiple dwellings and\nclass A multiple dwellings used for single room occupancy. 1.\nDefinitions. For the purposes of this section the following terms shall\nhave the meaning specified in this subdivision:\n a. "Eligible real property…

§ 489. Exemption from taxation of alterations and improvements to\nmultiple dwellings to eliminate fire and health hazards; abatement. 1.\n(a) Any city to which the multiple dwelling law is applicable, acting\nthrough its local legislative body or other governing agency, is here…

§ 489-a. Legislative declaration. It is hereby found and declared\nthat continued operation of railroads in the state and improvement of\ntheir service and facilities are essential to the commerce, defense, and\ngeneral welfare of the people of the state; that the financial cond…

§ 489-aa. Legislative declaration. It is hereby found and declared\nthat continued operation of the interstate railroads in the state and\nimprovement of their service and facilities are essential to the\ncommerce, defense, and general welfare of the people of the state; that\ni…

§ 489-aaa. Definitions. When used in this title:\n 1. "Applicant" means any person or corporation obligated to pay real\nproperty taxes on the property for which an exemption is sought, or in\nthe case of exempt property, the record owner thereof, provided,\nhowever, that such p…

§ 489-aaaa. Definitions. When used in this title: 1. "Applicant" means\nany person obligated to pay real property taxes on the property for\nwhich an exemption from or abatement or deferral of real property tax\npayments is sought, or in the case of exempt property, the record o…

§ 489-aaaaa. Definitions. When used in this title:\n 1. "Aggregate floor area" means the sum of the gross areas of the\nseveral floors of a building or structure, measured from the exterior\nfaces of exterior walls or from the center lines of walls separating two\nbuildings or s…

§ 489-aaaaaa. Definitions. When used in this title:\n 1. "Commercial construction work" means the construction of a new\nbuilding or structure or the modernization, rehabilitation, expansion or\nimprovement of an existing building or structure for use as commercial\nproperty.\n …

§ 489-b. Definitions. When used in this title, unless otherwise\nexpressly stated:\n 1. "Assessing unit" means a city, town or village.\n 2. "Railroad company" means a corporation, joint stock company,\nassociation, partnership, individual or other person operating a\nrailroad s…

§ 489-bb. Definitions. When used in this title, unless otherwise\nexpressly stated:\n 1. "Assessing unit" means a city, town or village.\n 2. "Railroad company" means a corporation , joint stock company,\nassociation, partnership, individual or other person operating a\nrailroad…